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Regulator ends debt-ratio standard for mortgage approvals | L.A. Focus News

  • Dec 17, 2020
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From the earliest days of mortgage loan approval standards, first and foremost, it had to be the math. Did the totals of your house payment and monthly recurring bills divided by your total monthly income stay at or under a specific debt-to-income ratio, or DTI? If your numbers checked out, you were one step closer […]

Source: La Focus Newspaper
This Black Fact was brought to you by Christo Rey New York High School

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